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Spotify's Daniel Ek leads $694 million investment in defense startup Helsing

cnbc.com Ryan Browne 2025-09-11 13:41:59

Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield. European defense technology startup Helsing on Tuesday said that it's raised 600 million euros ($693.6 million) in a bumper new round of funding. The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing. Existing investors Lightspeed Venture Partners, A

Topics: defense funding helsing investors venture
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Spotify’s Daniel Ek just bet bigger on Helsing, Europe’s defense tech darling

techcrunch.com Connie Loizos 2025-09-11 22:19:00

When Daniel Ek isn’t busy running Spotify or building his new AI-driven health tech enterprise, he’s making massive bets on the future of European warfare, seemingly. The billionaire, who primarily lives in Stockholm, just led a €600 million investment in Helsing, a four-year-old, Munich-based defense tech company that is now valued at €12 billion, as first reported by the Financial Times and confirmed separately by TechCrunch. The deal makes it one of Europe’s most valuable privately held comp

Topics: defense europe helsing just techcrunch
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